|Wingspan continues Massive Layoffs|
Wingspan Portfolio Advisors Ousts CEO and Executives While Escalating Layoffs
To the potential customers of Agility 360.. You should be nervous about doing business with these guys. They all were Wingspan Portfolio Advisors Execs and Wingspan was left a HOT MESS with an ousted CEO and massive layoffs. The company is struggling to survive.
Are you sure you want to give THESE GUYS --> Agility 360 <-- your business? I wouldn't trust these guys with managing a taco stand, let alone a multi-million dollar business.
When Wingspan Portfolio Advisors purchasedJPMorgan Chase’s (JPM) customer service center in Monroe, Louisiana in September 2013, the company gave 400 JPMorgan employees who staffed the Monroe office the opportunity to continue their employment.
Wingspan also promised to bring 900 more jobs to the area.
In October, Wingspan laid off hundreds of employees in the Monroe location, leaving only an estimated 100 employees at the former JPMorgan call center. According to a report from The News-Star in Monroe, Wingspan on Tuesday gave 60-day notices to the roughly 100 employees that still remained at the Monroe location.
“It's unclear how many, if any, Wingspan employees will remain in Monroe,” the News-Star wrote in its report.
Wingspan Senior Vice President of Marketing, Communications and Industry Relations Guy Davis told HousingWire that the layoffs are the result of the company’s lack of projects for the Monroe employees.
“Because of the nature of our services for large financial institutions, we often have to quickly staff large projects and just as quickly wrap up specific contracts,” Davis said in a statement sent to HousingWire.
“Many projects have finite terms or scope, and we try to manage to have replacement projects in place to prevent disruptions in employment, Davis continued. “We currently do not have additional projects for impacted employees to move to at this time and will be reducing staff in Monroe, effective 4/30/15. We are committed to helping our impacted employees find additional work through onsite job fairs and other transition services.”
Wingspan went through several rounds of layoffs last year. In addition to the Monroe layoffs, Wingspan also laid off employees at its Melbourne, Florida location and hundreds of employees at a location in Frisco, Texas.
Additionally, Steve Horne, the founder, CEO and president of Wingspan Portfolio Advisorswas replaced as the leader of the company he founded in 2008.